RE: A Smart Contract Platform Without Transaction Costs or the Need For 'gas' Will Finally Offer Proper Incentive To DApp Developers. An 'Ownership' Model Will Always Be More Efficient Than A 'Rental' Model In Terms Of Entitlement From Stake.
Yes! Excellent post that absolutely nails some of the main problems with ETH and why EOS (or something else) will replace it in the near future.
There is lots of noise about ETH taking out BTC, which is nonsense as ETH has effectively zero adoption and utility. The reason ETH market cap is so high is purely because the market knows that the idea ETH is premised on is the next big thing. But ETH fails on the execution of the idea.
I have followed Dan since the beginning and have great faith in his abilities and vision. If EOS is half of what we think it is all the value currently in ETH is going to stampede into EOS. It is no accident they are named so similarly - and EOS is a way better brand that Ethereum. Just sounds better, which can have a surprisingly powerful impact on adoption.
BTS, EOS, STEEM (and BTC) will dominate the leader board in the next 12 months. :)
I hope you're correct on that - will be smiling from my brand new house if that turns out to be the case... :-)
I agree completely my friend. thanks for the support!
Well I'm just going to say I disagree. EOS makes trade offs. ETH and EOS are not mutually exclusive. Look at my recent post, ETH can work under the same fee-less model that EOS and steem share.
There are real applications running on Ethereum. It would be nieve to say otherwise.
Ethereum has its own value, EOS will curate their own value.
https://steemit.com/ethereum/@kyle.anderson/eth-obsolescence-how-the-metropolis-hardfork-allows-important-extensions-to-the-ethereum-protocol-no-transaction-fees